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Mr. Effiong Okon, the Director of New Energy at Seplat Energy, highlighted the critical role that government plays in the development of the energy industry. Speaking at the SPE Nigeria Annual International Conference & Exhibition, Okon emphasized the need for governments to create the right environment for success to flourish. He called for the provision of regulatory frameworks, infrastructure security, and strong governance to attract international partners for energy investments. Okon also stressed the importance of achieving universal access to energy while transitioning to lower-carbon fuels. Seplat Energy, as a Nigerian success story, is committed to sustainability and energy transition as the pillars of its business strategy.
Nigerian Bottling Company (NBC) Limited has been honored at the Africa Procurement & Supply Chain Awards (APSCA) for its exceptional efforts in driving best practices and innovation in supply chain management. NBC received awards in three categories, including Gender Equality in Supply Chain and Excellence in Supply Chain Capacity Building. The company's commitment to sustainability and its role in empowering women in procurement and supply chain were also acknowledged.
Operatives of the 6 Division of Nigerian Army have arrested three suspected oil thieves and impounded a truck loaded with 45,000 litres of crude oil in Port Harcourt. The suspects were caught in the act of siphoning crude oil from a pipeline right of way. The Army Commander expressed shock and warned that anyone engaging in illegal deals on petroleum products would face severe consequences.
The Economic Community of West African States (ECOWAS) will hold an emergency summit in Nigeria to discuss the current political situation in Niger following the recent military coup. ECOWAS has threatened military intervention if the coup leaders fail to restore constitutional order.
The Nigerian Exchange (NGX) stocks market capitalization increased by more than N77 billion week on week, reaching N35.5 trillion amid persistent bargain hunting in the local exchange. Despite a bearish trend in market activity, the Nigerian Exchange All-Share Index (NGXASI) rose 0.2% to settle at 65,198.08 points. The article explores the factors contributing to this growth, the top traded stocks, sectoral performance, and market sentiments.
Niger's junta has announced the suspension of various military cooperation agreements with France, citing France's casual attitude and reaction to the internal situation in Niger. Meanwhile, the defense chiefs of ECOWAS have emphasized the need for dialogue and negotiation to resolve the crisis in Niger. The recent coup in Niger has drawn condemnations from international and regional organizations, with ECOWAS imposing sanctions on the junta and threatening to restore order by force if necessary.
The Delta State Contributory Health Commission (DSCHC) has announced that over 1.4 million people, including pregnant women, have enrolled in the state's health insurance scheme. The commission aims to increase the number of enrollees from the informal sector to over one million by the end of the year. With a premium of just N7,000 per annum, the commission is urging artisans and other members of the informal sector to join the state health insurance scheme.
The Federal Capital Territory administration (FCTA) and a group of concessionaires have signed an agreement to recommence a park and pay scheme in Abuja. The scheme, which had been suspended since 2014, aims to promote orderliness in vehicle parking, decongest the city, and improve motorists' experience. With the implementation of this scheme, vehicle owners will have access to parking lots for a fee, while wrong parking will result in fines. The reintroduction of the scheme has received support from the six area councils in the FCT.
Latest news summary in Nigeria
Regional attempts to mediate and reverse the coup in Niger have failed, increasing tensions in the country. The Economic Community of West African States (ECOWAS) is considering military intervention to restore democracy, with countries like Nigeria leading the effort. The situation is complex, as some ECOWAS members have supported the coup, while others are pushing for intervention. The potential consequences of military action in Niger could have far-reaching implications for the region and the world.
Regional mediation efforts to reverse the coup in Niger and restore democracy have failed, increasing tensions as the Sunday deadline for possible intervention by other West African countries approaches. The Economic Community of West African States (ECOWAS) is considering employing military force if Mohamed Bazoum is not reinstated as president. This article explores the potential consequences of a military intervention and the challenges faced by Nigeria in leading the intervention.
Regional mediation efforts to reverse the coup in Niger have failed as tensions escalate ahead of a possible intervention by other West African countries. The ECOWAS has drafted a plan to use force against the junta if Mohamed Bazoum is not reinstated as president. Nigeria, with the largest military force, is leading the efforts, but faces challenges on its home front. The coup in Niger is a concern for Western countries as it disrupts their fight against terrorism in the Sahel region.
Niger's junta has announced the suspension of various military cooperation agreements with France, citing France's casual attitude towards the internal situation in Niger. Meanwhile, the defense chiefs of the ECOWAS have emphasized the importance of dialogue and negotiation in resolving the crisis. Nigerian President Bola Tinubu has notified the country's senate of the recent resolutions of West African leaders and the imposition of sanctions on Niger's military leaders involved in the coup.
Delta State Government is exploring the possibility of investing in electric vehicles for mass transportation in order to mitigate the impact of fuel subsidy removal on its citizens. The Governor, Sheriff Oborevwori, recently test-drove two electric vehicles and expressed the need to study the economic viability and operational sustainability of electric vehicles in Nigeria. This move comes at a time when the cost of fuel is increasing, making electric vehicles a potential solution to reduce transportation costs. A committee led by the Secretary to the State Government has been set up to evaluate the feasibility of utilizing electric vehicles for public transport.
Regional mediation efforts to end the coup in Niger have failed, leaving tensions high as a military intervention by other West African countries looms. The Economic Community of West African States (ECOWAS) is finalizing a plan for possible forceful action if Niger's ousted president, Mohamed Bazoum, is not reinstated. This article explores the potential implications of an ECOWAS intervention, including military strategy, the involvement of other African countries, the consequences for Niger, and the challenges Nigeria may face in leading the intervention.
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